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Cut Calibri - 11 ap Wrap Text General Normal _ AutoSum - Copy A A Bad Fill - AY O Paste Format Painter BIU - - LA- Merge & Center * % " Conditional Format as Good Insert Delete Format Sort & Find & Formatting ~ Table Neutral 41 4 Clear - Filter ~ Select ~ Clipboard Font Alignment Number Styles Cells Editing C2 X v fx A B C D E F G H J K L M N O P Q R S 1 Use this data to create a statement of cash flows in good form IN 3 Beginning cash balance $10,000 4 Cash paid for interest expense $30,000 Cash paid for other operating expenses $100,000 Cash paid for purchase of land $250,000 7 Cash paid for purchase of stock investment $125,000 Cash paid for purchase of treasury stock $30,000 9 Cash paid for salaries $100,000 10 Cash paid for taxes $40,000 11 Cash paid to shareholders for dividends $50,000 12 Cash paid to suppliers for inventory $200,000 13 Cash received for collection of long-term note receivable $300,000 14 Cash received for sale of company stock $300,000 15 Cash received for signing note payable $250,000 16 Cash received from customers $500,000 17 Cash received from dividends earned $45,000 18 Cash received from interest earned $25,000 19 Cash received from sale of investments $150,000 20 21 22 23 24 25 26 27 28 29& Cut Calibri - 11 AA = de Wrap Text General Normal Bad EX AutoSum - Be Copy Fill - AY O Paste Conditional Format as Insert Delete Format Sort & Find & Format Painter BIU - 2 - A . Merge & Center - $ - % " Good Neutral Formatting - Table Clear - Filter - Select ~ Clipboard Font Alignment Number Styles Cells Editing E24 X V fx A B C D E F G H K L M N O P Q R S T U 1. What are the different profit measures on the income statement? What do they mean? A W 5 2. Use the data needed to calculate basic earnings per share: Net income $270,000 Common Dividends $50,000 Preferred Dividends $70,000 10 Gain on sale of stock $25,000 11 AverageCommon Shares Outstanding 100,000 12 Average Common Shares Authorized 500,000 13 Average Common Shares Issued 110,000 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29